To calculate a human life value, it is necessary to deduct certain costs from a person’s average annual earnings. These costs include

A vehicle is considered a constructive total loss when

All of the following statements about individual disability income policies are true EXCEPT

Kevin has an individual disability income policy that his insurer agrees to keep in force until age 60. However, the company has the right to increase the premium each year for the underwriting class in which Kevin has been placed. Which renewal provision is found in Kevin’s policy?

All of the following losses are excluded under Part D (coverage for damage to your auto) of an unendorsed PAP EXCEPT

A legal reserve in life insurance is a result of

To calculate a human life value, it is necessary to deduct certain costs from a person’s average annual earnings. These costs include

All of the following statements about individual disability income policies are true EXCEPT

Tom and Nancy Boyle provide financial support for their two children. In addition, they provide financial support for Tom’s aged father and Nancy’s aged mother. The Boyle family can be described as a

John has an auto which is covered for collision losses subject to a $250 deductible. Kate’s auto also has collision coverage but her deductible is $500. Which of the following statements describes how a $2,000 collision loss will be paid if it occurs when John borrows Kate’s car because his car is in the shop for repairs?